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Jan 16, 2013
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toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with people estate tax reform is going to because of scheduling. need to do with the limits of kuester and the house republicans concern if they do anything on tax reform, that they may leave themselves open to the senate not taking action and therefore an unpopular vote for no reason. are you optimistic on tax reform? >> first of all, we have to resolve this debt crisis in terms of sequestration and intern says the full faith and credit of the u.s. in the next six weeks. we are going to accomplish tax reform in the next six weeks. so we have a
toying with the global economy. and so, i think it is somewhat -- it seems great to talk about to the ninth, but the closer you get to that class, the less likely it is that you'll find the u.s. over it. the mac for me ask one other in the loco to grind out third start. he told "politico" last week that a balanced approach replacing the sequesters spending cuts and revenue should accelerate tax refund is fully possible this year for work and by person basis. does that square with...
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Jan 20, 2013
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the one area, the boone area in the economy of boston and the united states at that great of time was one, the yankee bankers of boston, and new york to lesser extent, were paying the attention to come and that was still the moving pictures. they thought it was a fat is going to go with a y. in money in it? at kennedy do better. and because nobody else was paying attention, he got into film. and using a local bank as his page bank, a local bank that his father had helped start in east boston trust company, key, and using his friends, he raised enough money to make a bid on a failing film company. he found his way to hollywood, and in hollywood made it big. why? because he learned how to make his being an outsider into an advantage. he arrived in hollywood as another kind of an outsider, a christian. and he said over and over again from the moment he arrived in hollywood, i am the all-american boy, i'm jack armstrong, i'm a boston banker and i'm here to rescue this industry from the bad reputation that has spread over it, because the dominant studio heads and producers are jews. i'm no
the one area, the boone area in the economy of boston and the united states at that great of time was one, the yankee bankers of boston, and new york to lesser extent, were paying the attention to come and that was still the moving pictures. they thought it was a fat is going to go with a y. in money in it? at kennedy do better. and because nobody else was paying attention, he got into film. and using a local bank as his page bank, a local bank that his father had helped start in east boston...
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Jan 17, 2013
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you have to look at every aspect and look at health care costs, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the necessary pieces of moving the economy forward. the big wild card is when people are going to make these tough choices instead of using them to fight in the normal political boxes. what is going to happen next? it's on a different path than i would have thought. if you think about the prospect theory which basically says when you're delivering good news you want to do it in lots of little pieces if they got a promotion than you want to tell them they got a raise and then tell them they got a bigger office. each piece of big news is good and makes people happier. if you were doing bad use and waiting for an
you have to look at every aspect and look at health care costs, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the...
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Jan 15, 2013
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but i want to see our economy recover. i would like to see this. i would like to see the labor market, fiscal policy addressed the issues that were mentioned. obviously difficult issues out there, but i do think things are moving, you know, not as fast as we would like. in that direction i am cautiously optimistic about the next oliviers. >> thank you. [applause] well, as i mentioned, i'm sure that there are a great many questions that have already been shared with our presenters, so let me turn the floor to them. >> thank you for your comments, chairman bernanke command for your comments. i am master's student. the first question is, if treasury had a trillion dollar platinum coin, with they have made in the count? if not, why not. >> well, i'm not going to give that any oxygen. [laughter] as you probably know, the treasury and the federal reserve over the weekend, the treasury issued a statement to which the federal reserve approved stating that we did not think this was the right way to deal with this problem. i mean, there are legal issues, pol
but i want to see our economy recover. i would like to see this. i would like to see the labor market, fiscal policy addressed the issues that were mentioned. obviously difficult issues out there, but i do think things are moving, you know, not as fast as we would like. in that direction i am cautiously optimistic about the next oliviers. >> thank you. [applause] well, as i mentioned, i'm sure that there are a great many questions that have already been shared with our presenters, so let...
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Jan 15, 2013
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economy. if i were a cubin i sure would like that to continue, and i would do everything i could to to get that to continue i think it is waning and it hit a high water mark and it is reseeding and i think that serves certainly the purposes of the united states and i think that's fine. i don't blame the countries that are receiving subsidized oil shipments. i would love for somebody to subsidize, you know, the things that i need to buy. that's in their own self-interest and the need to be thinking about what's going to happen because let's go back. if you take some of the data talked about on the economy, and you are the next, you are the government of venezuela, the easiest place to cut back is where you are getting away. if i am the recipient of that oil, i would be worried right now. that's just in the self-interest of the government of venezuela if you have a deficit, you know, stop giving away, stop subsidizing sales to people. that would be the logical thing to do. and if you had a gover
economy. if i were a cubin i sure would like that to continue, and i would do everything i could to to get that to continue i think it is waning and it hit a high water mark and it is reseeding and i think that serves certainly the purposes of the united states and i think that's fine. i don't blame the countries that are receiving subsidized oil shipments. i would love for somebody to subsidize, you know, the things that i need to buy. that's in their own self-interest and the need to be...
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Jan 13, 2013
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and that is why we are seeing everywhere in the economy. it is not just the universities. >> you right of of a powerful few have deceived and dominated the new talk consistently about howard's optimism which was a beacon. how do sway the optimism he had about politics and breaking through and people having better lives for themselves and this kind of pattern he saw of people either being depressed or coopted. >> it is that easy. like howard, i am a temperamental optimist. but if robbie had won the election a think i would probably have given up, meaning a would have given up on the american people. but what howard kept saying, and he proved right again late kept saying change and the a battista change will rise in the most unpredictable ways at the most unpredictable times. it is quite true that most of the worker strikes that have taken place throughout american history have failed. but some of them have succeeded, and there was one, a powerful union movement. something like 11 or 12% of workers are unionized, but there are signs of their
and that is why we are seeing everywhere in the economy. it is not just the universities. >> you right of of a powerful few have deceived and dominated the new talk consistently about howard's optimism which was a beacon. how do sway the optimism he had about politics and breaking through and people having better lives for themselves and this kind of pattern he saw of people either being depressed or coopted. >> it is that easy. like howard, i am a temperamental optimist. but if...
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Jan 16, 2013
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the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european action here in the near future. i was wondering for you have any advice to our friends across the ocean as far as action or whatnot with respect to the fc correcting might be thinking in doing? >> thank you, mr. commissioner, for your question. i was in london and dublin. i don't know which jurisdiction was interested in the money market fund debate. it's a big industry in both of the locals. and, you know, in both places i was told by industry as well as high level government officials at the ec on the cusp of releasing consultatio
the economy is bad enough now. we'll see how to does after the mind set takes over. >> thank you, david. thank you for coming today. thanks for your remarks. obviously, this is a global economy and financial services, especially it's important to look at it from a global perspective, and it was very useful i think for you to remind us of the comment about europeans especially lit japanese had on the folker rule. with respect to the money market and mutual funds. there's talk of european...
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Jan 20, 2013
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if it will boost the local economy. then there's the final economic reasons, physicists like molecular physicist have turned their attention to cities of theoretical exercises and said what type causes of our product give a what product cavite and the ones who've gone as far as it are convinced technically but we all know when her heart, which is the reason cities exist as when we come together, were more days. if tantalizingly difficult to prove that it's the strength of cities and not make sense economically stronger. but glaser talks about that a lot. david brooks talks about how when someone gets a patent, there required to say orestes heywood at the pet that influence to? almost always within 25 miles of the patent here. malcolm gladwell talks about the french impressionist old friends who hung out in the same buyer. they all trained the same absinthe. you know, movements are collected and made by people in proximity. people talk about if you're in a european capital come you can get five minutes done in a day. if
if it will boost the local economy. then there's the final economic reasons, physicists like molecular physicist have turned their attention to cities of theoretical exercises and said what type causes of our product give a what product cavite and the ones who've gone as far as it are convinced technically but we all know when her heart, which is the reason cities exist as when we come together, were more days. if tantalizingly difficult to prove that it's the strength of cities and not make...
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Jan 18, 2013
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and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while. it wasn't really until the fall in oil prices in '86, but we really got rid of the inflation demon and, i think in some ways, laid the groundwork for the period following that in the 1990s when we had strong productivity growth, we had strong markets really starting in the mid 1980s. so the analogy in my mind is we have this deficit that's now hanging over us, um, and for some of the same reasons it's a really hard problem to solve. it lacks a federal reserve, so we don't have the equivalent of an actor like paul volcker who can come in and say, okay, we're going
and the thing that hung over the economy at that time was inflation. we just couldn't seem to deal with the inflation problem. so we had a deep recession in '7 4-'75. we had another recession in 1980, we had another recession in 1981-'82, so a double dip recession. and then finally, paul volcker who was chairman of the federal reserve and his colleagues decided to whack the economy over the head really hard and take the inflation out of the system, and finally it did, although it took a while....
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Jan 14, 2013
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we have money, we have an economy he. we are in a very different situation than the founders ever were or could have imagined. but we still have those inclination's are we involved in foreign policy to protect our interests, are we involved in foreign policy to project in the world? >> host: it is a different time in america's place in the world. the nations are very much a threat, 25 years after the person in the white house this is a country very much at risk. how do the people that you write about half contemporary offers, how did that translate the frankenstein of the founding to the debate about foreign policy and in afghanistan? >> guest: a lot of them quote washington's farewell that you shouldn't be involved on the alliance's. there tends to be a very nativist going out through the books. >> host: what do you mean by nativist? >> guest: let the world flight and pull back and take care of ourselves. i do not sense among the contemporary conservatives i do not get a sense of foreign policy coherence than i do on the
we have money, we have an economy he. we are in a very different situation than the founders ever were or could have imagined. but we still have those inclination's are we involved in foreign policy to protect our interests, are we involved in foreign policy to project in the world? >> host: it is a different time in america's place in the world. the nations are very much a threat, 25 years after the person in the white house this is a country very much at risk. how do the people that you...
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Jan 17, 2013
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and global economy. s-sierra .2% are not. the very existence threatens economic and financial stability and furthermore regulators in many small banks are tied up in regulatory and legal knots in an enormous direct costs in large and costing him his the operation of our economy. your .2% if the administration and the congress can agree as recently as two weeks ago on legislation that affects the 1%. surely can process the solution that affects your .2% of the nationsbank less costly, less complex, former effect adventure and one. argue with the time has come to change the decision-making paradigm. there should be more than that to present solutions, which are bailout for the end of the world economy as we know it. both choices are unacceptable. the next financial crisis could cost for the two years of output, which was boston would be borne by millions more u.s. taxpayers. that her highness caused must be weighed against the posted benefit of maintaining today to fill status quo and to us at the dallas f
and global economy. s-sierra .2% are not. the very existence threatens economic and financial stability and furthermore regulators in many small banks are tied up in regulatory and legal knots in an enormous direct costs in large and costing him his the operation of our economy. your .2% if the administration and the congress can agree as recently as two weeks ago on legislation that affects the 1%. surely can process the solution that affects your .2% of the nationsbank less costly, less...
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Jan 14, 2013
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we have an army, we have the navy, but economy. we are in a very different situation than the founders ever were or ever could have imagined. but we still have those inclination's. are we involved in foreign policy to protect our interests, are we involved in policy to project ideologies into the world? >> host: and of course it is a very different time in america's place in the world pity we are not an indispensable nation we are very much at threat 25 years after the creation and the constitution not far from here where we are taking the interview this is a country very much at risk. how do the people that you write about contemporary authors, how do they translate or try to translate what the frankenstein sent to contemporary debates about foreign policy, iraq, afghanistan? >> guest: a lot of them quote from washington's farewell address and saying you shouldn't be involved in the alliance's. there tends to be a very nativist threat going forward through those book. >> host: tell us more about that what you mean by nativist? >>
we have an army, we have the navy, but economy. we are in a very different situation than the founders ever were or ever could have imagined. but we still have those inclination's. are we involved in foreign policy to protect our interests, are we involved in policy to project ideologies into the world? >> host: and of course it is a very different time in america's place in the world pity we are not an indispensable nation we are very much at threat 25 years after the creation and the...
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Jan 17, 2013
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economy and taxpayers from so. greatest risks created by the nation's largest financial institutions while providing plenty of space for the financial institutions to provide the plain, low risk client-oriented financial services that help the real economy grow. they are a lotble goals. almost unformally critics argue it's the very plain mainstream customer facing products that will be harmed. not necessarily by the text of the volcker rule as set forth in the dodd-frank act, but by the draconian interpretation of the rule at the october 2011 proposed rules would impose on the financial industry and their customers. notably, our foreign regulatory counter parts in europe, canada, and japan have been some of the fiercest critics of the prosed implementing rule. i had the fund last week to meet with regulators and industry participates in u.k. and ireland where i encouraged a -- encountered a distinct lack of enthusiasm for the volcker rule set forth by the u.k. independent commission on banking and e.u. indeed, sir
economy and taxpayers from so. greatest risks created by the nation's largest financial institutions while providing plenty of space for the financial institutions to provide the plain, low risk client-oriented financial services that help the real economy grow. they are a lotble goals. almost unformally critics argue it's the very plain mainstream customer facing products that will be harmed. not necessarily by the text of the volcker rule as set forth in the dodd-frank act, but by the...
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Jan 20, 2013
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we have nav, we have money and an economy. when a very different situation than the founders ever were or ever could've imagined, but we still have those two inclinations. are we about to foreign policy to protect her interests quite are we involved in foreign policy to project ideology into the world? >> guest: >> host: were not in the dispensable nation. 25 years after the creation of the constitution not too far from here come the paper and the white house that the country very much at risk. so the people that you write about in the book, the contemporary authors, how do they translate or try to train late with the frankenstein set to contemporary debates about foreign policy in iraq, afghanistan? >> guest: a lot of to quote washington's farewell address and say we should be involved. there tends to be a very nativist echoing through those folks and that discourse. >> host: what you mean by nativist? >> guest: let the world friday we just need to pull back and take care of ourselves. i don't sense among the contemporary con
we have nav, we have money and an economy. when a very different situation than the founders ever were or ever could've imagined, but we still have those two inclinations. are we about to foreign policy to protect her interests quite are we involved in foreign policy to project ideology into the world? >> guest: >> host: were not in the dispensable nation. 25 years after the creation of the constitution not too far from here come the paper and the white house that the country very...
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Jan 16, 2013
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economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use -- those issues of course are not the specific purdy of the fed, and so why do we shift gears and talk more specifically about some things that the fed is doing and things that the fed might do. perhaps a way to introduce that is to say that the fed of course is keeping interest rates at close to zero since roughly 2008, and it dug pretty deep into its arsenal, more recently in terms of in particular the very massive asset purchases recently launched its third round, which are intended to bring long-term inter
economy. at the same time with quite a bit to do to address our long-term sustainability issues. a lot more work to do, let me be very clear about that. but it's going to be a long haul. it's not going to happen overnight. basically because the government budget represents the values and priorities of the public, and decisions been made about what to spend on, what you tax and so on are very difficult and contentious decisions that will take some time to address. >> well, those is to use...
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it has to be into the economy. we not only have to inducer and sent people to step on the accelerator to create more jobs. that's a matter of having to rip us from our vacations, tax incentives and so on, that has to be transmitted to the banking system. these banks are in such deep trouble in control so much of the assets have been focused on other things. they are interfering the effectiveness for accommodative monetary policy. if you get people to understand this is hurting job creation in the district come he might more political support. i believe this support is gaining ground. it's not just a question of fairness. it's a question of efficacy. and i believe it is beginning to gain ground. [inaudible] >> that's up to people on the hill and the people that want to support this effort. it takes to fix greater to that. that may mean it's not doable. i don't think so. >> thank you for being with us this evening. i'm at catcher catcher and the university of virginia and i really would like to give you the opportuni
it has to be into the economy. we not only have to inducer and sent people to step on the accelerator to create more jobs. that's a matter of having to rip us from our vacations, tax incentives and so on, that has to be transmitted to the banking system. these banks are in such deep trouble in control so much of the assets have been focused on other things. they are interfering the effectiveness for accommodative monetary policy. if you get people to understand this is hurting job creation in...
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Jan 19, 2013
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fdr and is this behavior and what if we threw him out of office and demanded his resignation as the economy was recovered? all the way back to the french and indian war, a very young george washington was riding very romantic letters to a woman who was not mrs. washington. her name was sally terry fairfax, very attractive, older, sophisticated neighbor. what if washington's letters have become public during the for -- french and and -- ran the french and indian war. not the first and not the worst. patraeus is not the first and not the worst. been there done that. it pains me to say that even abraham lincoln visited prostitutes. say it isn't so. but it happens. now, the details on a sketchy. there are not a lot of letters written about this, but here is so we can piece together. lincoln's best friend was joshua speed. he was, perhaps, a dashing and handsome and i guess what you with the ladies as lincoln was allegedly only an awkward and of lucky in romance. he felt sorry for lincoln. invited him to work in his general store. and he did not have a place to stay. he let him stay of stairs of
fdr and is this behavior and what if we threw him out of office and demanded his resignation as the economy was recovered? all the way back to the french and indian war, a very young george washington was riding very romantic letters to a woman who was not mrs. washington. her name was sally terry fairfax, very attractive, older, sophisticated neighbor. what if washington's letters have become public during the for -- french and and -- ran the french and indian war. not the first and not the...
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Jan 15, 2013
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economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things that brookings is devoted to the we have a project called the hamilton project wizard -- which is focused o on the issue. if over the course of the last 30 years, roughly 35 years, the average income in the united states house hold have grown at the same rate of you succumb, 26% for the household growth, 2% of economy, the per capita gdp would be 50% higher than it is today, $90,000 versus $16,000. if you translate that into can what happens in household economy that is final. and what we do in washington is really, really important i just came back from a trip to brazil but i don't want to spend
economy had grown 1% less, our economy would've been the same size in 1990 as a that of mexi mexico. that 1% difference over that century created massive outcome difference. looking forward 10 years from now, if we go out 2% rather than 3% potential we will have have had $1 trillion worth of outcome which is about 10 -- in this economy. that's a very, very big deal. the growth alone is also not important. it's also growth that is inclusive. that is broadly shared and that's one of the things...
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Jan 14, 2013
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economy. i also -- i spoke to you before the meeting started about the fema changes senator landrieu called me on -- [inaudible conversations] >> yeah. and the changes have been made and as i understand, we will be voting on them. >> i think there was something on the floor this evening. >> which includes bipartisan reforms to fema. >> good. >> i think it would be -- we try the appropriations on the -- i know people don't believe this to do as little authorization as possible respectfully of the authorization committee. i think it's on suspension tonight. >> i hope so. because that -- i think it's a very important part. not to watch what we see in katrina. i thank you for that. no further questions. >> thank you very much. mr. bishop? >> i don't know to whom to actually ask this question. maybe either of you or to the any of the fore floridians who happen or it here. represent hastings said there would be many for florida beaches in here. i know, there's a $4 billion category of energy and wat
economy. i also -- i spoke to you before the meeting started about the fema changes senator landrieu called me on -- [inaudible conversations] >> yeah. and the changes have been made and as i understand, we will be voting on them. >> i think there was something on the floor this evening. >> which includes bipartisan reforms to fema. >> good. >> i think it would be -- we try the appropriations on the -- i know people don't believe this to do as little authorization...
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Jan 16, 2013
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. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform is going to lose out because of scheduling and needing to deal with the debt ceiling and the looming sequester and house republicans concerned that if they do anything on tax reform, that they may leave themselves open to the senate not taking action. therefore, they have taken in on popular vote for no reason. >> first of all we have to solve this debt crisis in terms of sequestration and in terms of the full faith and credit of the u.s. and. we are not going to accomplish tax reform in the next six weeks. so we have a deadline that cannot basically be moved for what we nee
. >> they are going with the american economy and the global economy. closer you get to the fiscal cliff, i think the less likely it is that the u.s. will be funded over and. >> okay, let me ask about tax reform. mutual political last week that a balanced approach to placing the sequester with benefits and revenues should accelerate tax reform, and i believe it's fully possible this year we work on a bipartisan basis. how does that square with the people that say that the tax reform...
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Jan 20, 2013
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but i think we have to deal with some of the consolidation issues. >> who are the people in the economy that you rely on during this time? >> it kind of depends on the issue. those on food safety issues and, you know, this debacle with the farm bill, we haven't had a lot of support from anyone, certainly not debbie stabenow, who i used to work with and it's very disappointing. as well as the senator from michigan that we thought we could send to some of these two companies. it's not a joke. people have to keep these elected officials honest and you have to have their constituency. so that is really what our organizers have focused on. >> you mean that organic food is not worth anything? that is something else that the industry influence and paid for. i don't think much of it. >> thank you so much for coming. we really appreciate it. [applause] >> wenonah hauter is the director of food and weather watch. for more information visit food and weather watch.org. >> we are here with judge block. you were brought into the court in 1994. >> yes, i was nominated by president clinton and recommen
but i think we have to deal with some of the consolidation issues. >> who are the people in the economy that you rely on during this time? >> it kind of depends on the issue. those on food safety issues and, you know, this debacle with the farm bill, we haven't had a lot of support from anyone, certainly not debbie stabenow, who i used to work with and it's very disappointing. as well as the senator from michigan that we thought we could send to some of these two companies. it's not...
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Jan 17, 2013
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the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also need a workable, reliable national employee verification program. now, the e-verify program has been dramatically improved. we are ready to move forward with it nationally provided there is strong preemption language for state and local laws, no obligation to reverify the whole team -- i know companies with 35, 50,000 employees. we certainly don't have to do that. and we need safe harbor for good faith efforts by employers. finally, we need to provide a path out of the shadows for 11 million undocumented immigrants who live in the united states today. with the understanding they will meet
the caps should go up when the economy is strong and be adjusted down when the economy is not. as i mentioned, we need to expand the number of green cards for foreign nationals who graduate from our colleges and universities with advanced degrees. even with high unemployment we have millions of job openings that go unfilled. either the workers come here to fill those jobs, or let me tell you, ladies and gentlemen, those jobs go somewhere else. and when they do, other jobs go with them. we also...
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Jan 15, 2013
01/13
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so there's a lot of thingness the economy where we know this where is the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> mr. levin in the politics of abundance, there are several instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: well, we lay out, for example, in the area of education, we -- i think the secretary of education has done great job of laying the foundation and now it's a question of how to accelerate it. certain things where the president works with the department of education could, for example, create a data exchange system which allows to us digitize and personalize education, very similar kind of thing in healthcare. so all kinds of different things the president using executive authority as in fact they have laid the foundation for already, could act to really accelerate that movement toward the digital platform. >> host: where does congress come in. >> in. >> guest: i
so there's a lot of thingness the economy where we know this where is the economy is going. we want to do it faster, but we also want to do it in a sustainable way, and the united states should want to lead in how we do that. >> mr. levin in the politics of abundance, there are several instances where you say the president could act on his own without congressional approval. what are some of those instances? >> guest: well, we lay out, for example, in the area of education, we -- i...
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Jan 20, 2013
01/13
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so they followed this report in 1964 with a report called trade negotiations for a better free world economy. and this, um, made a lot of recommendations that actually came to pass when the food, the world trade organization was established in the bilateral trade agreements. and it was all about going to where production could be done the cheapest. again, this isn't a conspiracy, this is just companies thinking about where and how they can be most profitable. now, it took 30 years to completely eliminate those new deal programs that i was talking about to manage overproduction. it was during the clinton administration after the u.s. joined the wto that the very controversial 1996 farm bill passed. and that is the legislation that completely did away with the remaining new deal protections, and it deregulated what had already begun in the 1950. it stopped all government intervention in commodity markets, it eliminated all the final vestages of the programs like the grain reserve. and the most immediate result after that bill passed, you may remember it those of you who are old enough, it was
so they followed this report in 1964 with a report called trade negotiations for a better free world economy. and this, um, made a lot of recommendations that actually came to pass when the food, the world trade organization was established in the bilateral trade agreements. and it was all about going to where production could be done the cheapest. again, this isn't a conspiracy, this is just companies thinking about where and how they can be most profitable. now, it took 30 years to completely...
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Jan 13, 2013
01/13
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in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the administration of president george w. bush. in her book, she helps us understand why the failures of such direct investments in private firms are both significant problems in themselves and cautionary tales for those who would have the government rather than private investors allocate capital. the publication that regulates the disaster caps diane mr. shear as an institute senior fellow, i'll year in which has been prolific and influential. cited by reuters reporters, talk show host, across the country. i think in particular of her many, many contributions to our series called issues 2012, ranging from her analysis demo
in her time and important new book, "regulating to disaster: how green jobs are damaging america's economy." in it, she subjects the assumption and policies which led to such a faded federal investments as solyndra solar panel manufacture as was that a 123 collector car battery manufacture to a waiting analysis which we of the institute have come to expect from this oxford trained economist who served as chief of staff for the council of economic advisers. sorry. during the...
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Jan 16, 2013
01/13
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economy. if i were the cubans, i sure would like that to continue, and i would do everything i could to get that to continue. i think the influence of venezuela and toover chavismo is waning. it hit a high water mark and is receding, and i think that serves, certainly, the purposes of the united states. and i think that's fine. and if i were the people -- listen, i don't, i don't blame the countries that are receiving subsidized oil shipments from venezuela. i would love for somebody to subsidize the things i need to buy. you know, that's in their own self-interest. but they need to be thinking about what's going to happen. because let's go back. if you take some of the data that russ and chris have talked about on the economy and you are the next, you are the government of venezuela, i mean, the easiest places to cut back are in the oil you're giving away. and so if i'm the recipient of that oil, i'd be worried right now. i mean, that's just, you know, in the self-interest of the government o
economy. if i were the cubans, i sure would like that to continue, and i would do everything i could to get that to continue. i think the influence of venezuela and toover chavismo is waning. it hit a high water mark and is receding, and i think that serves, certainly, the purposes of the united states. and i think that's fine. and if i were the people -- listen, i don't, i don't blame the countries that are receiving subsidized oil shipments from venezuela. i would love for somebody to...
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Jan 14, 2013
01/13
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it's about the health of our neighborhoods and our economy. it's about the health of our schools, and our school children, and our communities and the health of our neighbors. mayor bloomberg, the people of new york have seen is an effective, results oriented mayor, one of the most effective results oriented mayors ever to serve new york, or dare i say, any city. creating jobs, expanding opportunity, improving city schools, launching america's largest affordable housing initiative. quite honestly, everything they do in new york and said to be the largest initiative, but i should say also largest and one of the most innovative affordable housing initiatives. and also fighting crime. really showing us that the people of new york have shown the people of baltimore that it is possible to make a safer tomorrow, that we do not have to resign ourselves to the circumstances of the way things have always been, or what we have never been able to do in the past. and, in fact, we can save lives, and each life is precious. each life is important, and if yo
it's about the health of our neighborhoods and our economy. it's about the health of our schools, and our school children, and our communities and the health of our neighbors. mayor bloomberg, the people of new york have seen is an effective, results oriented mayor, one of the most effective results oriented mayors ever to serve new york, or dare i say, any city. creating jobs, expanding opportunity, improving city schools, launching america's largest affordable housing initiative. quite...
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Jan 21, 2013
01/13
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if you didn't grow the government or economy at all. why have we put ourselves in a position? the fact is we are now, the federal reserve has increased its balance sheet. this created $2 trillion with the funny money. it is going to fall in the middle class in a very poor country and is going to defeat with both already said they want and yet we don't have the courage to do to make the tough choices if it means we lose their seats to secure the future for this country. we put ourselves first and said of the country first. if any american citizen breed back in black, go to her website every day, there's a lot of commonsense ways to save money. just this last week the air force announced in the federal government this year were going to
if you didn't grow the government or economy at all. why have we put ourselves in a position? the fact is we are now, the federal reserve has increased its balance sheet. this created $2 trillion with the funny money. it is going to fall in the middle class in a very poor country and is going to defeat with both already said they want and yet we don't have the courage to do to make the tough choices if it means we lose their seats to secure the future for this country. we put ourselves first...
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Jan 17, 2013
01/13
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this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of the country last 30 years, average revenue has been about 18.6% of gdp. but the last five times we have balanced the budget, revenue was not at 18.6% of gdp. it was close to 20%. you can see in 69, 98, 99, 2000, 2001, revenue and the times we balance was close to 20% at gdp. that kind of sets up the question of what the president proposed, because he was calling for $1.6 trillion of additional revenue. remember, that's not what we got in his last deal. it was 650 billion. but what he was going for was $1.6 trillion of revenue over the next six years. to put that in context, how muc
this is a question of future economic opportunity here how is the economy going to grow? what kind of life our our people going to lead? that's why this matters so much. when you get to a gross debt of more than 100% of gdp, your future economic prospects are reduced. well, we've talked about the revenue side of the equation, the spending side of the equation. looking at the revenue, i showed a slight earlier to show the revenues at 1520% of gdp. typically if you look at the economic history of...
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Jan 19, 2013
01/13
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this is about looking up cross-border economy to take advantage of this huge growth in the mexican economy and to see how we can create jobs in the united states and how we can together as north americans actually compete with people in east asia, indian sub continent in brazil and we don't want to compete on wage rates. the way in which we compete economically and across borders by spring-training transaction costs down on the cross-border flows of goods because increasingly what we are seeing a shared reduction platforms in mexico and the united states for a single product. before that product is sold and finally assembled, it may have crossed the border to her three or four times. when we drive down the costs of crossing the border, we do ourselves a disservice. therefore when we approached the border, both in terms of security and economic competitiveness, we have to invest, but not the way we did in the past. we have to invest in infrastructure. we need to invest in new ways of managing cross-border flows. we have to reinvent many methods they used to get goods and people across the b
this is about looking up cross-border economy to take advantage of this huge growth in the mexican economy and to see how we can create jobs in the united states and how we can together as north americans actually compete with people in east asia, indian sub continent in brazil and we don't want to compete on wage rates. the way in which we compete economically and across borders by spring-training transaction costs down on the cross-border flows of goods because increasingly what we are seeing...
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Jan 15, 2013
01/13
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but the american economy suffers from that kind of situation. so those are some of the handicaps and some of the things that contribute to the culture that, i think, is not receptive right now to innovation and those sorts of things, and i'm sure i'll get to talk about that later and turn it on over to you. >> okay. bobby, you have developed shopping mauls across the country including the city creek center in salt lake city. what has been your experience with government? >> complicated. phil talks about the culture of government really is, i mean, if it's not broken, it's certainly misguided. you know, for a company to be successful, you absolutely have to have a strong culture. and i think we've sort of argued at times what the purpose of government is. and it's really trying to sort of understand what that purpose is that the constituents are always pulling themselves apart at. because the agenda moves so much as you talk through a process. i mean, you mentioned dodd-frank. you mentioned sarbanes-oxley. or sarbanes-oxley which is, you know, do
but the american economy suffers from that kind of situation. so those are some of the handicaps and some of the things that contribute to the culture that, i think, is not receptive right now to innovation and those sorts of things, and i'm sure i'll get to talk about that later and turn it on over to you. >> okay. bobby, you have developed shopping mauls across the country including the city creek center in salt lake city. what has been your experience with government? >>...
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Jan 14, 2013
01/13
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30 minutes and show them graphic slides designed to combat some of the created conglomeration of the economy looks like for those and students here at the school of public health taught me about these opportunities to quantify attitudes towards conflict and aggression and we were able to show with a fall of 28 days surveys before and after the intervention that there was a short term improvement in those attitudes and that is in my talking and academic arena prevention outreach added to the conflict and aggression, 98 kids cross 13 months and then i was invited to go to new york. mayor bloomberg isn't here but mtv executives invited me to a video that had an antiviolence fema and i said that interests me let me see that. well, this was about eight years ago. my 15 year old was then 7-years-old but i didn't know much about 50-cent, the rapper that had this ongoing dual with jarule come and 50 have more credibility why? i told the story 150 times and shot nine times he has more credibility. but does that say about our culture of violence? taking credit by the way being shot nine times. [applau
30 minutes and show them graphic slides designed to combat some of the created conglomeration of the economy looks like for those and students here at the school of public health taught me about these opportunities to quantify attitudes towards conflict and aggression and we were able to show with a fall of 28 days surveys before and after the intervention that there was a short term improvement in those attitudes and that is in my talking and academic arena prevention outreach added to the...